1994 Chevrolet Lumina Insurance Quotes – 6 Tricks for Cheapest Rates

Want better insurance rates for your Chevrolet Lumina? Having to pay for high-priced Chevrolet Lumina insurance can bottom out your funds and possibly require you to analyze your spending habits. Doing a rate analysis is a fast and free way to reduce premiums and put more money in your pocket.

Drivers have multiple insurance companies to choose from, and although it’s a good thing to be able to choose, it can be more challenging to find the best rates.

Ways to get insurance rate quotes

Performing a rate comparison can be a lot of work if you don’t know the most efficient way to do it. You could waste a few hours talking about coverages with insurance companies in your area, or you could use online quotes to quickly compare rates.

The majority of car insurance companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and each company can provide price quotes determined by their information. This saves time by eliminating quote forms to each individual insurance company.

To use this form to compare rates click to open in new window.

The only drawback to getting quotes like this is you cannot specify the providers you want to price. If you prefer to choose from a list of companies for rate comparison, we have a listing of low cost insurance companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but do your best to use apples-to-apples quote data for every quote you compare. If your comparisons have differing limits you will not be able to truly determine the lowest rate. Even a minor difference in coverages could mean much higher rates. Just remember that comparing all the rates in your area helps locate the best price. Not every company allows you to get online rate quotes, so it’s necessary to compare price quotes from them as well.

Do you qualify for these six discounts?

Car insurance is not cheap nor is it fun to buy but companies offer discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of purchase, but some must be asked for prior to getting the savings.

• Discounts for Government Workers – Simply working for the federal government can save as much as 8% for Lumina coverage but check with your company.
• Multiple Cars – Purchasing coverage when you have primary and secondary vehicles on one policy can get a discount for every vehicle.
• Low Mileage Discounts – Driving fewer miles can earn lower premium rates due to less chance of an accident.
• Early Payment Discounts – By paying your entire bill at once rather than paying in monthly installments you can avoid the installment charge.
• Anti-lock Brake System – Cars and trucks with anti-lock braking systems can reduce accidents and the ABS can save up to 10%.
• Discounts for Seat Belt Usage – Forcing all vehicle occupants to wear their seat belts can save up to 15% on the premium charged for medical payments and/or PIP.

One last thing about discounts, most discount credits are not given to all coverage premiums. Most only reduce specific coverage prices like comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, that’s just not realistic. Any amount of discount will help reduce your overall bill.

To locate providers who offer online car insurance quotes, follow this link.

Don’t assume everyone needs the same auto insurance coverage

When choosing coverage, there really is no single plan that fits everyone. Every situation is different and your policy should reflect that. Here are some questions about coverages that may help highlight if your situation could use an agent’s help.

• Does coverage extend to my business vehicle?
• Is my teen driver covered when they drive my company car?
• If my pet gets injured in an accident are they covered?
• Are split liability limits better than a combined single limit?
• Do I have coverage when making deliveries for my home business?
• What are the financial responsibility laws in my state?
• Do I need more liability coverage?
• When should I drop full coverage on my 1994 Chevy Lumina?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Insurance policy coverages for a 1994 Chevy Lumina

Knowing the specifics of your policy helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on most insurance policies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your 1994 Chevy Lumina.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are identical to your policy’s liability coverage.

Auto collision coverage

Collision insurance will pay to fix damage to your Lumina from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, colliding with another moving vehicle, driving through your garage door, rolling your car and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.

Comprehensive auto coverage

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a deer, a broken windshield, damage from a tornado or hurricane, hail damage and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability car insurance

This coverage will cover damages or injuries you inflict on a person or their property that is your fault. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined limit which limits claims to one amount without having the split limit caps.

Liability can pay for things such as court costs, legal defense fees, medical services, pain and suffering and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Medical payments and PIP coverage

Med pay and PIP coverage reimburse you for expenses for pain medications, EMT expenses, doctor visits, nursing services and dental work. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

You can do this!

You just read a lot of tips how to shop for 1994 Chevy Lumina insurance online. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the best premium rates are with a small local company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate or State Farm.

The cheapest 1994 Chevy Lumina insurance can be bought online as well as from independent agents, so you need to quote insurance with both so you have a total pricing picture. Some insurance companies do not provide online price quotes and these smaller providers prefer to sell through independent insurance agents.

Other learning opportunities

• Event Data Recorders FAQ (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• What is Covered by an Auto Insurance Policy? (Insurance Information Insitute)